Japan’s Top Leaders’ different ways to Solve Financial Complications

It is quite a rare chance when opposition agrees with each other. Going with the trend, Japan's Prime Minister Yoshihiko Noda was found to be criticizing Liberal Democratic Party leader Shinzo Abe over its recommendations on solving financial and other problems of the country.

Both the leaders have their own view points in solving the problem, which are quite different from one another. Both have also appeared on television shows where they were found to be full geared for their next month's election.

To talk about some of the points being mentioned by both the leaders, it was found that Abe, who has handled the seat of PM in 2006-07, has suggested of keeping 2% inflation target. He has also said that it will better if the Bank of Japan is handed over the responsibility to supervise the real economy.

On the other hand, Noda said handing over the responsibility to the bank can prove a bit risky. He also talked about the growing tensions between China and Japan.

"The government and the BOJ should achieve a policy accord and discuss an inflation target to pursue bold monetary easing", said Abe, who justified that 1% goal would not bring the effect that is needed and 2% would do the job.


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